Daiwa Securities Group Inc. Decreases Stake in Alexandria Real Estate Equities Inc (NYSE:ARE)

Daiwa Securities Group Inc. reduced its position in Alexandria Real Estate Equities Inc (NYSE:ARE) by 7.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,298 shares of the real estate investment trust’s stock after selling 2,080 shares during the period. Daiwa Securities Group Inc.’s holdings in Alexandria Real Estate Equities were worth $3,743,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of ARE. Steward Partners Investment Advisory LLC bought a new position in shares of Alexandria Real Estate Equities during the second quarter worth about $30,000. CSat Investment Advisory L.P. lifted its position in shares of Alexandria Real Estate Equities by 65.9% during the second quarter. CSat Investment Advisory L.P. now owns 224 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 89 shares during the last quarter. Meeder Asset Management Inc. lifted its position in shares of Alexandria Real Estate Equities by 883.3% during the second quarter. Meeder Asset Management Inc. now owns 295 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 265 shares during the last quarter. Signaturefd LLC lifted its position in shares of Alexandria Real Estate Equities by 19.2% during the second quarter. Signaturefd LLC now owns 541 shares of the real estate investment trust’s stock worth $76,000 after purchasing an additional 87 shares during the last quarter. Finally, SRS Capital Advisors Inc. bought a new position in shares of Alexandria Real Estate Equities during the second quarter worth about $95,000. 98.68% of the stock is owned by institutional investors.

Shares of NYSE ARE opened at $153.91 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.76. The firm’s 50-day moving average price is $155.22 and its two-hundred day moving average price is $148.38. Alexandria Real Estate Equities Inc has a 52-week low of $109.04 and a 52-week high of $160.25. The stock has a market capitalization of $17.59 billion, a P/E ratio of 23.32, a P/E/G ratio of 4.33 and a beta of 0.71.

Alexandria Real Estate Equities (NYSE:ARE) last issued its earnings results on Monday, October 28th. The real estate investment trust reported ($0.44) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.75 by ($2.19). Alexandria Real Estate Equities had a return on equity of 1.63% and a net margin of 9.29%. The business had revenue of $390.50 million during the quarter, compared to the consensus estimate of $389.99 million. During the same period in the prior year, the business earned $1.66 EPS. The business’s revenue was up 14.2% on a year-over-year basis. As a group, equities research analysts expect that Alexandria Real Estate Equities Inc will post 6.97 earnings per share for the current year.

The firm also recently announced a — dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $1.00 dividend. The ex-dividend date was Friday, September 27th. This represents a yield of 2.6%. Alexandria Real Estate Equities’s dividend payout ratio is currently 60.61%.

In other Alexandria Real Estate Equities news, EVP John H. Cunningham sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $144.00, for a total value of $864,000.00. Following the transaction, the executive vice president now owns 42,595 shares of the company’s stock, valued at $6,133,680. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Joel S. Marcus sold 7,500 shares of the firm’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $154.49, for a total transaction of $1,158,675.00. Following the completion of the transaction, the chairman now directly owns 438,462 shares in the company, valued at approximately $67,737,994.38. The disclosure for this sale can be found here. Insiders sold 29,183 shares of company stock worth $4,409,057 in the last three months. 1.43% of the stock is currently owned by corporate insiders.

Several equities analysts have recently commented on the stock. Barclays set a $153.00 price target on shares of Alexandria Real Estate Equities and gave the stock a “hold” rating in a research report on Friday, October 11th. TD Securities reduced their price target on shares of Alexandria Real Estate Equities from $26.00 to $25.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. DA Davidson increased their price target on shares of Alexandria Real Estate Equities to $166.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. ValuEngine cut shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, JPMorgan Chase & Co. increased their price target on shares of Alexandria Real Estate Equities from $140.00 to $147.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 13th. Eight analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Alexandria Real Estate Equities currently has a consensus rating of “Hold” and a consensus target price of $105.73.

About Alexandria Real Estate Equities

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500<sup>®</sup> company, is an urban office real estate investment trust ("REIT") uniquely focused on collaborative life science and technology campuses in AAA innovation cluster locations, with a total market capitalization of $21.8 billion and an asset base in North America of 33.7 million square feet ("SF") as of March 31, 2019.

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Institutional Ownership by Quarter for Alexandria Real Estate Equities (NYSE:ARE)

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